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Robotic Process Automation (RPA) Market

  • ID : 90325125  |  
  • Published : Jan-2019  |  
  • Region : Global  |  
  • Pages : 110   |  
  • Publisher : Polaris Market Research

Robotic Process Automation Market Size and Growth Rate:

The Robotic Process Automation (RPA) market size is anticipated to reach USD 8,781.2 million by 2026 growing at a CAGR of 29.5%. The requirement of businesses to eliminate human errors due to manual interference in processes along with a reduction in time consumption are factors responsible for positively influencing the adoption rate of RPA technology.

Robotic Process Automation Market Overview:

Previously artificial intelligence and robotic process automation were largely considered to be different technologies. But, with advancements in the offerings, it is observed these technologies are complimenting each other in terms of handling processes. It enables organizations in processing huge volumes of data and in providing support for better decision making. Cognitive computing which covers a wide array of areas including adaptive learning, speech recognition, and pattern identification is integrated into robotic process automation (RPA) solutions to transform and automate crucial business processes of organizations across multiple industry verticals.

Robotic Process Automation Market-Key Dynamics:

The potential of achieving robust ROI from the deployment of RPA completely dependent on the organizational requirements and business processes which are to be automated. In the near future, the market is expected to witness growing base of RPA vendors as they target to gain revenue share from this expanding market. This is expected through the introduction of solutions which will cater to the rising need to automate business process management processes. Furthermore, the adoption is expected to intensify as the prices of RPA deployment are continually witnessing a declining trend. Moreover, this technology adoption provides organizations with the capability to accomplish better outcomes from their process with benefits including reduction in costs, improved accuracy, and better compliance.

However, factors like reluctance in the transition phase from conventional business process to automation along with shortage in technical expertise required during deployment and integration of RPA solution are challenges which might affect the growth in this market. this market report includes insights with market size and forecast by the process, by the operation, by type, by industry, and by organization size. Analysis for each region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) is provided for all segmentation of the robotic process automation market research report.

Robotic Process Automation Market Regional Presence:

North America is expected to be the largest regional market while Asia Pacific regional market is expected to witness significant growth during the forecast period of 2018 to 2026. The region’s leading position is attributed to significant demand and preference of the BFSI industry vertical towards automation of business processes. Furthermore, the presence of established and major players in North America region and availability of infrastructure for effective adoption of RPA is another factor responsible for the boost in the adoption of robotic process automation solutions.

The European region is expected to witness growth in this market as the region has a presence of significant amount of companies in the manufacturing and logistics sector. Adoption of RPA technology provides the capability to streamline pickup and drop operations. This eventually leads to a reduction in cycle time ultimately resulting in enhanced customer experience.

Key Players in the Robotic Process Automation Market are:

  • Blue Prism Group Plc (UK)
  • Celaton Ltd. (UK)
  • , Softomotive (UK)
  • Kofax Ltd. (U.S.)
  • Xerox Corporation (U.S.)
  • Automation Anywhere Inc. (U.S.)
  • Ipsoft, Inc. (U.S.)
  • UiPath (U.S.)
  • Verint Systems Inc. (U.S.)
  • Pegasystems Inc. (U.S.)
  • Redwood Software (Netherlands)
  • Day three Business Services Sdn Bhd (Malaysia)
  • Kryon Systems (Israel)

Robotic Process Automation Market-Segmentation:

Robotic Process Automation Market-By Process:

  • Automated Solution
  • Decision Support and Management Solution
  • Interaction Solution

Robotic Process Automation Market-By Operation:

  • Rule-Based
  • Knowledge-Based

Robotic Process Automation Market-By Type:

  • Tool Based
  • Model-Based Application Tools
  • Process-Based Application Tools
  • Service Based
  • Consulting
  • Integration and Development
  • Training

Robotic Process Automation Market-By Industry:

  • IT & Telecom
  • Healthcare and Pharma
  • BFSI
  • Manufacturing
  • Logistics
  • Retail
  • Travel & Hospitality
  • Others

Robotic Process Automation Market-By Organization Size:

  • Small and Medium Sized Businesses (SMBs)
  • Large Enterprises

Robotic Process Automation Market-By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • United States
  • United Kingdom

Table of Contents

1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research Methodology

1.3.1. Primary data sources

1.3.2. Secondary data sources

1.4. Key take-away

1.5. Stakeholders

2. Executive Summary

2.1. Market Definition

2.2. Market Segmentation

3. Robotic Process Automation Market Insights

3.1. Robotic Process Automation– Industry snapshot

3.2. Robotic Process Automation - Ecosystem analysis

3.3. Robotic Process Automation Market Dynamics

3.3.1. Robotic Process Automation – Market Forces Robotic Process Automation Market Driver Analysis Robotic Process Automation Market Restraint/Challenges analysis Robotic Process Automation Market Opportunity Analysis

3.4. Industry analysis - Porter's five force

3.4.1. Bargaining power of supplier

3.4.2. Bargaining power of buyer

3.4.3. Threat of substitute

3.4.4. Threat of new entrant

3.4.5. Degree of competition

3.5. Robotic Process Automation Market PEST Analysis

3.6. Robotic Process Automation Market Value Chain Analysis

3.7. Meningitis Diagnosis Industry Trends

3.8. Competitive Ranking Analysis

4. Robotic Process Automation Market Size and Forecast by Process, 2018-2026

4.1. Key Findings

4.2. Automated Solution

4.3. Decision Support and Management Solution

4.4. Interaction Solution

5. Robotic Process Automation Market Size and Forecast by Operation, 2018-2026

5.1. Key Findings

5.2. Rule Based

5.3. Knowledge Based

6. Robotic Process Automation Market Size and Forecast by Type, 2018-2026

6.1. Key Findings

6.2. Tool Based

6.2.1. Model-Based Application Tools

6.2.2. Process-Based Application Tools

6.3. Service Based

6.3.1. Consulting

6.3.2. Integration and Development

6.3.3. Training

7. Robotic Process Automation Market Size and Forecast by Industry, 2018-2026

7.1. Key Findings

7.2. IT & Telecom

7.3. Healthcare and Pharma

7.4. BFSI

7.5. Manufacturing

7.6. Logistics

7.7. Retail

7.8. Travel & Hospitality

7.9. Others

8. Robotic Process Automation Market Size and Forecast by Organization Size, 2018-2026

8.1. Key Findings

8.2. Small and Medium Sized Businesses (SMBs)

8.3. Large Enterprises

9. Robotic Process Automation Market Size and Forecast by Region, 2018-2026

9.1. Key Findings

9.2. North America

9.2.1. U. S.

9.2.2. Canada

9.3. Europe

9.3.1. Germany

9.3.2. UK

9.3.3. France

9.3.4. Italy

9.3.5. Spain

9.3.6. Belgium

9.3.7. Netherlands

9.3.8. Rest of Europe

9.4. Asia-Pacific

9.4.1. China

9.4.2. India

9.4.3. Japan

9.4.4. South Korea

9.4.5. Singapore

9.4.6. Malaysia

9.4.7. Rest of APAC

9.5. Latin America

9.5.1. Brazil

9.5.2. Mexico

9.5.3. Argentina

9.5.4. Rest of LATAM

9.6. Middle East & Africa

9.6.1. Israel

9.6.2. South Africa

9.6.3. Saudi Arabia

9.6.4. UAE

9.6.5. Rest of MEA

10. Company Profiles

10.1. Blue Prism Group Plc

10.1.1. Overview

10.1.2. Financials

10.1.3. Products/Offerings

10.1.4. Recent Developments

10.2. Celaton Ltd.

10.2.1. Overview

10.2.2. Financials

10.2.3. Products/Offerings

10.2.4. Recent Developments

10.3. Kofax Ltd.

10.3.1. Overview

10.3.2. Financials

10.3.3. Products/Offerings

10.3.4. Recent Developments

10.4. Xerox Corporation

10.4.1. Overview

10.4.2. Financials

10.4.3. Products/Offerings

10.4.4. Recent Developments

10.5. Verint Systems Inc.

10.5.1. Overview

10.5.2. Financials

10.5.3. Products/Offerings

10.5.4. Recent Developments

10.6. Automation Anywhere Inc.

10.6.1. Overview

10.6.2. Financials

10.6.3. Products/Offerings

10.6.4. Recent Developments

10.7. Ipsoft, Inc.

10.7.1. Overview

10.7.2. Financials

10.7.3. Products/Offerings

10.7.4. Recent Developments

10.8. Redwood Software

10.8.1. Overview

10.8.2. Financials

10.8.3. Products/Offerings

10.8.4. Recent Developments

10.9. UiPath

10.9.1. Overview

10.9.2. Financials

10.9.3. Products/Offerings

10.9.4. Recent Developments

10.10. Pegasystems Inc.

10.10.1. Overview

10.10.2. Financials

10.10.3. Products/Offerings

10.10.4. Recent Developments

10.11. Daythree Business Services sdn bhd

10.11.1. Overview

10.11.2. Financials

10.11.3. Products/Offerings

10.11.4. Recent Developments

10.12. Kryon Systems

10.12.1. Overview

10.12.2. Financials

10.12.3. Products/Offerings

10.12.4. Recent Developments

10.13. Softomotive

10.13.1. Overview

10.13.2. Financials

10.13.3. Products/Offerings

10.13.4. Recent Developments

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